Solution-Determine the 2011 balance sheet items

Determine the 2011 balance sheet items

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Reference no: EM13517029

The current asset section of the Excalibur Tire Company's balance sheet consists of cash, marketable securities, accounts receivable, and inventories. The December 31, 2011, balance sheet revealed the following: Inventories $840,000, Total assets $2,800,000, current ratio $2.25, acid test ratio 1.2, debt to equity ratio 1.8

Determine the following 2011 balance sheet items:

1. current assets

2. shareholder's equity

3 noncurrent assets

4. long-term liabilities

Reference no: EM13517029

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Determine the 2011 balance sheet items

Reference no: EM13517029

Reference no: EM13517029

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